FAU: TSX-V

Key Highlights:

• High grade gold with copper and silver credits
• Previous production average over 40 grams per tonne
• Turn key mining operation
• Mine fully permitted and bonded
  
• Excellent potential for near term production
  
• Complete re-evaluation of the mine, mill, resource and tailings in progress
• Significant exploration upside
• 28,000m drill program underway

Click here to view recent high grade drill results

The Nixon Fork Gold Mine is a fully permitted and bonded mine with past production values averaging 1.4 opt (42 gpt). Facilities at the Nixon Fork Gold Mine include a 200 tpd floatation plant with a gravity gold separation circuit and a sulphide floatation circuit. In 2008, a CIL gold leaching circuit was purchased and approximately 60% installed. The mine also includes a fleet of mining vehicles, a self-contained power plant, maintenance facilities, drilling equipment, an 85 person camp, office facilities and a 1.5 km long landing strip. In July 2010 FAU announced a diamond drill program of up to 28,000 metres initially focusing on surface targets, particularly of known mineralized zones which have the potential to provide additional resources to the mill. The underground drill program is designed to expand resources, particularly in the area of the 3300 zone, as well as test three to four prospective zones. Nixon Fork is located within Alaska's Tintina Gold Belt, which hosts numerous world class deposits.

Golden Zone Project Overview

Key Highlights:

• Option to acquire 100% of advanced stage Gold/Copper/ Silver project
• Over 20,000 meters of drilling completed to date
• Significant exploration be upside on 14 previously identified targets

The Golden Zone Project is located 240 km north of Anchorage, Alaska on the south flank of the Alaska Range. The project is accessible by road, and is just 19 km from the Parks Highway, which connects Fairbanks and Anchorage. A fully self contained camp and work facility is on site.

The project is an advanced stage gold-copper-silver system with approximately 20,100 meters of drilling, extensive trenching, soil sampling grids, multiple geophysical surveys, and metallurgical samples collected from core and the underground workings in the main Breccia zone.

Golden Zone Technical Report